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Thanks for the info Harmy and thanks for the email earlier today. Much appreciated. As you might know I can't email from here because of a virus on my system.
I also don't see any point deserting the Oz market but I too have thought about investing directly in the US market as well.
My reasoning is this. With so many companies the chances of finding a hidden gem are greater. The things that have held me back so far have been lack of knowledge on tax matters concerning this & lack of capital.
I am also waiting to see if e*trade will allow us to trade US shares in Oz dollars from Australia on favourable terms. I reckon this will happen sooner or later and will greatly simplify matters. Especially as far as record keeping is concerned.

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